Reshoring Medical Manufacturing to the United States
When China joined the World Trade Organization in 2001, many American companies abandoned their U.S.-based manufacturing operations in pursuit of China’s robust manufacturing capabilities and cheap labor. This manufacturing exodus ultimately caused a severe decline in the capacity and capability of the American manufacturing sector. Labor trends have since shifted away from trade work in favor of college educations, resulting in a skilled worker shortage for manufacturers across all industries. Once-vibrant American factories have fallen into severe disrepair and contributed to urban blight across the ... Read More
